Highlights of the February 2016 Eurozone industrial production data report 13 April 2016

  • Prior 2.1%. revised to 1.9%
  • 0.8% vs 1.2% exp y/y. Prior 2.8%. Revised to 2.9%
  • EU 28 states -0.7% vs 1.5% prior m/m
  • 0.8% vs 2.7% prior y/y

Mot usually a euro mover but EURUSD has dropped to important support at 1.1330. This has marked the lower end of the recent range between here and 1.1400/50.

Energy production was down 1.2% vs 3.1% in Jan and -5.2% vs -2.8% y/y. Non-durable goods also took a dive of 1.8% vs 2.9% in Jan.

Eurozone IP y/y